Global battery electric vehicle demand to hit 11 million units in 2023

China will continue to dominate global battery electric vehicle (BEV) sales in 2023, despite an increase across all major markets, says GlobalData. However, the leading data and analytics company notes that other regions may catch up, as growth in China slows. Al Bedwell, director, global powertrain at LMC, a GlobalData company, comments: “China’s BEV growth will moderate in 2023, after a meteoric rise in 2022 of more than 100 per cent year-on-year (YoY). The country’s slowing economy and unavoidable retail price increases will dampen Chinese BEV and plug-in hybrid (PHEV) demand, though much volume will still be added.”